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-- the budget deficit will shrink this year to $642 billion, the smallest shortfall since 2008. deficits in cbo's baseline projections continue to shrink falling to 2.1% of gdp by 2015. in english, the deficit is shrinking at a near record breaking rate. now, you would think once it came to light that the deficit is shrinking at such a rapid rate that we hit the vaunted goals even set out by our wise masters, simpson and bowles, that people in washington who have endlessly obsessed over the deficit since the take party would take notice. >> the president and his leaders in the senate are refusing to address this debt crisis. >> we had action to reduce these deficits. >> spend something out of control. >> tremendous deficits. >> debts out of control. >> does not start paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is
they were focused on was imposing austerity, right? bringing the budget deficit down, that's the thing they keep talking about. >> yeah. >> and it strikes me they have been remarkably successful in doing that. when you look at the debt ceiling debacle that led to the budget control act which has led to the sequester that actually -- >> oh, thank you for this question. it's so far off the course. first of all, the actions taken by president obama and the house democratic congress, house and senate when he became president was the american recovery and reinvestment act, many of the initiatives that he passed are what are coming to bear now including the affordable care act. affordable care act is bringing the cost of health care in our country down in both the public and private sector and that is what is largely responsible for the deficit coming down. we all care about frugality. we don't want to spend any money we don't have to. but we do want to invest in the education of our children, the safety of our neighborhoods and the rest and even if you don't, you have to remember that teach
closely here at "all in with chris hayes." >> michigan department of education has just approved a deficit elimination plan for the buena vista school district. >> the district is hopeful that everyone will be back in class as early as this week. >> you heard that right. the buena vista school district will reopen, maybe as soon as friday, and students will finish out the school year, which runs until june 13th. that's because michigan education superintendent mike flanagan finally approved the district's third deficit elimination plan last night, which cleared the way to release state funding. as we first reported last week, then again on monday, buena vista students have not been in school since friday, may 3rd, because the district is out of money and republican rick snyder refused to release $500,000, or .1% of the state's rainy day fund so buena vista schools could reopened. that caused the district to shut the doors on all three schools, send more than 400 schools home, and layoff all 27 of its teachers. when we first covered this story, there was very little movement to resolve the
bron added 23. the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, k
in principle on an immigration reform framework. and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to change the subject today, didn't work that well, because the subject is still out there. >> there's a formula for presidents who get into political trouble. and it begins with trying to change the questions. which he did pretty well, i think, in the rose garden, at least it was a good first step. went out there and said, okay, what we really noo ed is money to help secure the embassies. that was his response to the benghazi problem. he talked about the irs, and said, well, this was done, because i take these leaks very seriously, because they endanger americans. put it i
back money from the government, the deficit over the next six months is shrinking massively. >> the fed is not reducing its purchase. here ate plan right now for what the fed is going to do. it's going to buy $270 billion in treasury over the next six months and 270 billion of mortgages. and this is demand the fixed income of $510 million. we'll show you supply here and take a look at the next chart. new supply, zoom in here, 142 billion of new supply and no new net mortgage, man a little from fannie mae or freddy mac. their 5 ten bell onof demand means there's going to be 368 billion of cash. if you could just zoom in on that number and that's the number that taper says is going to be money looking for a hope in the market these days. the result is a lot of money having no place to go, but perhaps the stocks, and the fed will be dropping down further. the next screen is the equity risk premium. this is the measure over the risk-free treasury rate. you can see it's already at a historic high now according to tepper's math, this number will go higher which means there will be more return
Search Results 0 to 9 of about 10 (some duplicates have been removed)

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